Page 2 - Oil Marketing Companies

HPCL, BPCL, IOC: Time to buy or sell OMCs as govt hikes excise duty?

Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.

Excise duty on petrol, diesel raised by Rs 2 a litre after 34 months

OMCs to absorb extra cost, retail prices may be cut if global prices remain low, Minister says

Commercial LPG cylinders' price slashed by ₹41, domestic rates unchanged

The previous revisions came on 1 March, when commercial LPG prices were hiked by ₹6 after a reduction of ₹7 in February

Public sector oil, gas companies weigh term pacts; no formal talks yet

US push to sell more energy to India coincides with stable global crude, LNG prices

Capital expenditure to weigh on oil marketing companies' cash flows

Despite no Budget FY26 provisions, OMCs may be partially compensated for LPG under-recovery

India Energy Week: Russian shipments to be restored by March, says BPCL

BPCL to enter new non-fuel retail biz, develop large scale roadside amenities along new highways

Oil retailers pick 26 PACS to set up retail petrol, diesel outlets: Shah

Oil marketing companies have selected 26 Primary Agricultural Credit Societies (PACS) out of 286 applications for setting up retail petrol and diesel outlets, Cooperation Minister Amit Shah told Parliament on Tuesday. In a written reply to the Lok Sabha, Shah said the government has allowed PACS to operate retail petrol and diesel outlets and LPG distributorship. As informed by Oil Marketing Companies (OMCs), 286 PACS from 25 states and Union Territories have submitted online applications to establish retail petrol/diesel outlets, of which 26 PACS have been selected by OMCs, he said. Under conversion of PACS, Wholesale Consumer Pumps into retail outlets, OMC reports indicate that 116 PACS from five states have agreed to this conversion, and 56 PACS have been commissioned. For LPG distributorship, two PACS have applied for the two advertised locations in Jharkhand. As per the revised guidelines, PACS have been included under Combined Category 2 (CC-2) for retail petrol/ diesel ...

OMCs cut retail price of commercial LPG cylinder by Rs 7; to cost Rs 1,797

Starting today, a 19 kg commercial LPG cylinder in Delhi will cost Rs 1,797, down from Rs 1,804. In December 2024, the price of a commercial LPG cylinder was Rs 1,818.50

How India's Ministry of Cooperation is reshaping the cooperative sector

Despite legal setbacks, the Amit Shah-led ministry has moved rapidly forward and is expected to soon unveil a new set of regulations to further grow the cooperative sector

US oil refiners face a tough year as investor sentiment turns negative

US refining utilization averaged 90.3 per cent in the fourth quarter, up from 87.6 per cent in the same quarter last year, according to Tudor, Pickering, Holt & Co

State-run OMCs cut commercial LPG and ATF prices, effective January 1

State-run oil marketing companies have reduced prices for 19-kg commercial LPG cylinders and aviation turbine fuel across major metros

Sugar raw material prices rose faster than final product in last 5 years

Also, a report by Infomerics Ratings showed that in the last five financial years WPI rose by 24.3 per cent over the past 5 years

OMC stocks seem attractive after earnings decline and correction

Resumption of more frequent revision in retail prices could be a driver. Policy risk appears low

TKIL in talks with OMCs to manufacture green hydrogen, put up retail infra

TKIL Industries on Tuesday said that it has acquired a stake in Swiss company Sohhytec SA, which will give it access to a technology for producing green hydrogen directly from solar energy. TKIL, formerly known as Thyssenkrupp Industries India, can produce pressurised hydrogen and also set up the infrastructure which will be required to store and fill up vehicles, the company's chief executive Vivek Bhatia said. "We are already in conversations with OMCs (oil marketing companies) and we are giving our first proposals on what a hydrogen based retail facility will look like," Bhatia said. Automobile companies have already created the necessary engines to make it possible for vehicles to run on hydrogen, Bhatia said, pointing to a particular model commercially launched by a Japanese automaker and added that heavy vehicles will also benefit from its usage. Declining to disclose the stake bought in the Swiss company or the money invested for buying exclusive rights for the technology in

BPCL Q2 FY25: Net profit plunges 72% to Rs 2,297 crore on higher expenses

Puts up to Rs 18,000 cr worth rights issue plans on hold

Price of ATF down 6% to Rs 87,597, commercial LPG up Rs 48.5 per cylinder

No change in pump prices announced by oil marketing companies

After board meeting, Indian Oil withdraws Rs 22,000 crore rights issue

The decision came after a communication from the Ministry of Petroleum and Natural Gas, which said that no funds had been earmarked for capital support to Oil Marketing Companies in the 2024-25 Budget

OMCs set to invest over Rs 2 trillion to meet India's growing oil demands

Projected capacity increases aim to address domestic energy needs and enhance global supply

Gross refining margins to bottom out soon before recovery, say analysts

Centre may not push OMCs to cut retail prices before elections, says Motlal Oswal

IndiGo, Ceat: Which stocks are on analysts' radar as oil falls below $70?

Brent crude price today: Analysts prefer aviation and tyre stocks among the lot, but remain cautious on paints and oil marketing companies